Parkside Financial Bank & Trust Invests $48,000 in Element Solutions Inc (NYSE:ESI)

Parkside Financial Bank & Trust bought a new position in shares of Element Solutions Inc (NYSE:ESI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,891 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its position in shares of Element Solutions by 0.9% during the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after purchasing an additional 417 shares in the last quarter. Equitable Trust Co. grew its position in Element Solutions by 1.7% in the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock worth $867,000 after acquiring an additional 576 shares in the last quarter. Forte Capital LLC ADV boosted its holdings in shares of Element Solutions by 6.9% in the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock worth $326,000 after purchasing an additional 830 shares in the last quarter. True Wealth Design LLC purchased a new stake in Element Solutions in the third quarter worth approximately $25,000. Finally, Richardson Financial Services Inc. grew its position in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after acquiring an additional 911 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Down 2.8 %

Shares of NYSE:ESI opened at $25.37 on Tuesday. The stock has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $26.39. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.30 and a beta of 1.30. Element Solutions Inc has a 12-month low of $23.09 and a 12-month high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, March 3rd. Element Solutions’s payout ratio is currently 31.37%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Bank of America restated a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial began coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.